Skip to main content

About your Search

Search Results 0 to 5 of about 6 (some duplicates have been removed)
interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6
term, a re-election for president obama. pongyang has been banned from conducting these long-range missile tests by the u.n. and by the united states and that is another reason they want to test it. there are reasons against it. there are some logistical reasons. launching in december is difficult. again i'm told this could be a go. back to you. martha: going to get the attention of a lot of people with that for sure. that may be part of the motivation. greg, thank you very much. bill: 10 minutes past the hour and senate minority leader mitch mcconnell said to have laughed out loud at the plan the white house brought to the hill yesterday. so today the president takes his plan to avert the fiscal cliff straight to the voters. with we'll talk about that. melissa: what's happened right now is the republicans are surrounded by the news media and democrats who are creating an artificial standard, basically saying if you don't sell out on taxes you're bad people. bill: so what's up with that we wonder? fair and balanced debate. great panel on that coming up. martha: the fbi is lau
with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 billion on the social programs. $55 billion out of defense on and on. this will be nothing short of a nuclear catastrophe. >> heather: we keep hearing how this is going to affect the higher income people. according to the congressional budget office, all americans will be affected if the deal is not reached. not just in terms of revenue but job loss. >> the crb o, congressional budget office is estimate being would literally take out of 4% of g.d.p. so potentially 2 million jobs lost. you are talking about $400 billion in increase. all
Search Results 0 to 5 of about 6 (some duplicates have been removed)